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Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. The income statement for Electronic Wonders reports net sales

Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. image text in transcribed
The income statement for Electronic Wonders reports net sales of $91,698 million and cost of goods sold of $69,218 million. An examination of balance sheet amounts indicates accounts receivable increased $1.727 million inventory increased $877 million, and accounts payable to suppliers decreased $1,961 million. Required: Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. (Enter your answer in millions. (ie.. $10,000,000 should be entered as 100) Net sales Cash received from customers Cost of goods sold Purchases Cash paid to suppliers

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